Real Madrid express confidence in Ronaldo over tax matter

real madrid ronaldo

Real Madrid has expressed confidence in their star forward Cristiano Ronaldo after Spanish prosecutors accused the star player of evading EUR14.7 million in tax through offshore companies.

The European and Spanish giants issues a release stating that the player will be cleared of the hook as soon as his innocence is proven.

Real Madrid C.F have full confidence in our player Cristiano Ronaldo, who we understand has acted in accordance with the legality regarding the fulfilment of his fiscal obligations.

Since his arrival at Real Madrid C.F in July 2009, Cristiano Ronaldo has always shown a clear will to fulfil all his tax obligations.

Real Madrid C.F. are absolutely convinced that our player, Cristiano Ronaldo, will prove his total innocence in this process.

Real Madrid C.F. hope that justice is done as quickly as possible so that his innocence can be proven as soon as possible. – The club said in a statement.

The Portuguese footballer is accused of knowingly using a “business structure” to hide income made from image rights.

Madrid’s state prosecutor alleges that Ronaldo used a shell company in the Virgin Islands to “hide his total income” from the Spanish tax authorities.

The office claims that the current world best player declared total earnings of EUR11.5 million between 2011 and 2014 as against his his real income which was close to EUR43 million.

His representative said it would publish documents to show the Portuguese player had not created such a structure and had instead used firms he had owned since his time at Manchester United that both British and Spanish tax authorities had been aware of.

The agency also said the case could relate to different interpretations between the British and Spanish tax systems over where to declare some revenues but would in any case not constitute fraud.